Question 5E

Expert-verifiedFound in: Page 302

Book edition
16th

Author(s)
Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

Pages
1552 pages

ISBN
9781118743201

**Using the appropriate interest table, compute the present values of the following periodic amounts due at the end of the designated periods. (a) $30,000 receivable at the end of each period for 8 periods compounded at 12%. (b) $30,000 payments to be made at the end of each period for 16 periods at 9%. (c) $30,000 payable at the end of the seventh, eighth, ninth, and tenth periods at 12%**

The present value of when the amount is receivable at the end of each period for 8 periods compounded at 12% will be $149029.20, at the end of each period for 16 periods at 9% will be $249,376.80 and present value payable at the end of seventh, eighth, ninth, and tenth periods will be $46,164.

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